November 2022 | Gate.io Monthly Featured Articles

Announcements November 2022 | Gate.io Monthly Featured Articles

2022-11-30 08:11:50 UTC 11556 Read

✨ September Highlights ✨

🔹 Hong Kong issued the Policy Declaration on the Development of Hong Kong's Virtual Assets.

Please refer to Hong Kong New Crypto Policy | Will Spring Come to Hong Kong Again?

🔹 Rubic's private key was exploited, resulting in a loss of $1 million.

Please refer to Market Trend｜Rubic Loses $1,000,000 In Private Key Exploit, MATIC Adoption Causing Anticipation For Up To ‘200% Gains’

🔹 The domino effect of FTX crash continues to spread.

Please refer to Disclosure About Alameda and FTX | How Can Users Avoid Risks When Organizations Are in Chaos?

· Plummeted by More than 80% and BTC Dropped Below the $20,000 Threshold, Indicating a Gloomy Day in Crypto Winter

· FTX Event Tracking | The Crisis is Far from Over, and "De-trust" is Gradually Evolving into “Non-trust”

· The Domino Effect Involves USDT, CPI is Temporarily Favorable, and Panic is Still Spreading

· The FTX Saga Continues | Where Does the Domino Go?

The trust gained by the crypto industry from Wall Street investors and institutions after years of hard work, collapsed this month due to the FTX incident. The bull market boom in the crypto market has become a distant myth. BTC has fallen by approximately 65% year to date. Meanwhile, on the day when FTX was unable to reverse the situation (November 7), BTC fell by approximately 24%. Terra, 3AC, FTX, and other major players in the industry were eliminated due to unstable and unsustainable risk models, and the bleak global macro situation further led investors to stay away from risky assets...For more details, please refer to our blog post：November 2022 | Gate.io Monthly Featured Articles

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November 30

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